2015 was a pretty good year in SCV Real Estate! Lowered interest rates
contributed to a ten percent increase in home sales over 2014’s
numbers, with the average price of homes increasing by roughly five percent.
While real estate experts have been saying over the past three years that
interest rates are likely to rise to five percent, they have remained
constant around the four percent mark for quite some time now. Despite
pressure on rising interest rates, international turmoil and politics
have made US bonds an attractive option for investors, which has in turn
kept interest rates down.
In SCV, the average values of homes appreciated at their lowest levels
since 2011, indicating that home prices may be starting to decline. When
considering last year’s boost in sales, it is clear that demand
is still strong and there are still interested buyers. The market now
faces a shortage buyers who are able to afford homes, resulting in a downward
pressure on home values. This downward force is countered by a low supply
of available homes for sale, thereby creating an opposite upward pressure
on local home values.
If you are looking to
sell real estate in the Santa Clarita Valley, Real Estate Agent Dippy Chhina
can guide you step-by-step through the process and help you make an informed
transaction. Backed by many
positive client testimonials and years of proven experience, she can provide the solid guidance you
need with a friendly, professional touch.
Dial (661) 441-3304 or
schedule a real estate consultation online today to get started!